novelones Chapter 292 Arrogant junior, Hong Kong City’s trump card
Chapter 292 Arrogant junior, Hong Kong City’s trump card
"Wang Zhengyi is rich and unkind, and he has bad intentions in badmouthing Hong Kong City!"
The young people holding white placards and shouting slogans immediately attracted the attention of all reporters.
At this time, it was the Hong Kong City Financial Conference, and several wealthy people and financial authorities were all present. It could be said that the participants were all high-profile people.
But at this juncture, a group of students came out.
They shouted slogans outside the venue, and the young man leading the group was spitting and making a speech.
"The richest man Wang is alarmist, the warning is false, but the transfer of assets is real!"
A reporter recognized him as Chao Xiancong, the college student who poured water on Wang Zhengyi a while ago. Fortunately, Wang Dafu reacted quickly and avoided the bottle he threw.
Faced with Chao Xiancong who continued to verbally attack, Wang Zhengyi did not agree with him, but chose to avoid it.
Unexpectedly, the other party actually summoned so many people to embarrass the richest man Wang at this juncture.
It happened to be broadcast live on the TV station, and this scene immediately caused a surge in the number of online viewers.
Everyone more or less wanted to give the Wang family some connections, so many reporters just watched with cold eyes.
A foreign media reporter handed over the microphone and asked Chao Xiancong:
"Do you think Wang Zhengyi is deliberately badmouthing Hong Kong City?"
"Yes, I think he has ulterior motives and deliberately creates panic and makes everyone panic!"
Then he said directly to the TV camera:
“Everyone, as early as 1984, our port city no longer used a fixed exchange rate system, but used a linked exchange rate system.
Our exchange rate is tied to the US dollar and follows the monetary system of the Federal Reserve. As long as we have enough foreign exchange, the Hong Kong dollar is almost equal to the US dollar, and there is no room for short selling at all. "
"Judging from the data released by the Hong Kong government, we have US$960 billion in foreign exchange, which is much higher than the sum of the four little tigers. Our fiscal expenditure is good. I would like to ask everyone, how do short sellers go short?"
The audience in front of the TV felt that what the student representative said made sense.
Their port city is the one with the most stable development among the Four Little Dragons. Its GDP ranks second, only slightly behind Singapore and twice that of Hanguo and Taiwan!
Wang Zhengyi’s badmouthing about Hong Kong City’s real estate is also groundless. According to the latest survey results, the Hong Kong City’s real estate market is not saturated and there is still a lot of room for demand.
They admitted that the Wang family successfully predicted the financial crisis in Dongzhou, but they did not agree on how much impact the Hong Kong City would be affected.
There are definitely fluctuations, but they are also temporary.
Chao Xiancong's words attracted the approval of many people. Many of them believed that short sellers did not dare to come to Hong Kong.
After a few trials at most, the idea will be given up.
Wang Zhengyi, who was sitting in the hotel, couldn't help but frown while listening to the slogans outside the venue.
He just wanted to remind people to be prepared for the coming financial crisis, but unexpectedly, he ended up being badmouthing Hong Kong.
Can a student have such insight and execution ability?
Someone must be instigating him to do this behind the scenes.
Wang Zhengyi thought of taking over Xia Dongdu Company. These guys are really not easy to worry about.
Looking at Wang Zhengyi's depressed look, Mr. Li smiled and joked:
"Should we have someone drive them away?"
"Lao Li, please don't harm me. I can't bear such a bad reputation."
Everyone laughed when they heard this.
There are not many opportunities to see Wang's jokes.
In the venue, Director Ren was talking:
"We can double or triple the cost of dismantling the Hong Kong dollar by short sellers at any time. We also have US$2 billion in foreign exchange reserves. As long as the short sellers dare to come, we will have the confidence to shut down and fight the dogs!"
The plutocrats in the audience were also greatly encouraged and expressed their determination to fight the Hong Kong government to the end.
Looking at his colleagues who did not take short sellers seriously, Wang Zhengyi sighed deeply.
He really wanted to ask, what if the other party's main goal is not the exchange rate.
According to Wang Lei's speculation, short sellers are likely to pretend to attack the exchange rate and make profits in the stock market and futures market.
He shook his head and remembered Wang Lei's instructions. He was not in a hurry to explain, but he wanted to feel clear of guilt.
As soon as the meeting ended, Wang Zhengyi was besieged by reporters.
"Mr. Wang, what do you think of Chao Xiancong's words?"
Wang Zhengyi, who didn't want to make any more remarks, showed a meaningful smile:
"The future is terrifying."
It was originally meant to ridicule the other party, but it was interpreted by the media as the richest man Wang was speechless by Chao Xian Cong.
This made Chao Xiancong even more arrogant and frequently accepted interviews with the media.
His attacks on Wang Zhengyi also gave him a following.
Amid this false prosperity, housing prices in Hong Kong City have reached a new level, and many people are taking advantage of real estate promotions to rush into their cars.
Some real estate speculators choose to wait and see because of the overly optimistic atmosphere in the market.
This also caused them to miss the final opportunity to cash out.
What Chao Xiancong didn't know was that he had already been watched and his movements were recorded 24 hours a day.
Robert also told Wang Lei a piece of gossip.
"Lao Suo is taking action today!
As you expected, boss, they know that it is impossible to make profits by short selling the Hong Kong dollar, so they plan to short the Hang Seng Index and take advantage of the stock market fluctuations to make profits! "
"Building the plank road openly and attacking Chen Cang secretly, Lao Suo's trick is very clever."
"Boss, are we really not going to follow up?"
In Robert's eyes, Hong Kong City is also a piece of fat, with Cayman Capital...
"According to Lao Suo's arrangement, they are destined to not be able to make a quick decision. The delivery time of futures will be as long as one year. When Long Guo takes over the port city, do you think the officials will just sit back and watch the stock price of the port city fall again and again?"
Robert was startled when he heard this. If the national team of Dragon Kingdom came in to save the market, Lao Suo might break his front teeth.
Thinking of this, Robert suddenly felt a little better.
Compared with this hard nut to crack, shorting Han Guo is almost a piece of cake.
"Boss, why don't you let me short the big goose? I heard that the big goose has not been very stable recently, and many countries have declared independence. As long as we create some panic, the ruble will naturally plummet..."
Robert took this opportunity and couldn't help but ask a few more questions.
"After the financial crisis broke out in Dongzhou, Dae contacted me immediately and hoped that my economic reform team could take responsibility."
"Did you agree?"
"How could I agree? This is a thankless job, and it may even be dangerous. After all, I am not a big goose. They will definitely keep an eye on me all the time, so I recommend it to them. I met a person, a very powerful person.”
Robert suddenly became curious about who could make his boss praise him so much.
"Who is he?"
"He worked in my reform team, and then I recommended him to the president's office. He has repeatedly made great achievements and won the president's trust!"